All City & finance articles – Page 218
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NewsM&S profits plunge as store closures hit bottom line
Marks & Spencer has recorded a slump in its full-year profits despite sales edging up due to costs associated with its store closure programme.
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NewsTopps Tiles profits crash as inflation hits
Topps Tiles’ profits have dropped dramatically due to inflationary pressures despite sales rising over the period.
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NewsPets at Home sales rise fails to stem profits drop
Pets at Home’s sales rose over its last full-year but the retailer’s bottom line was dented by investment in lowering prices.
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NewsHalfords profits shrink as it hires new chairman
Halfords’ full-year pre-tax profits have dipped despite an increase in like-for-likes.
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NewsMarks & Spencer prepares for more store closures
Marks & Spencer is to accelerate its store closure programme, it is understood.
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NewsNext demands ‘CVA clauses’ from landlords
Next is asking landlords for lower rent on stores when neighbouring shops get a better deal through a CVA.
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NewsPoundland owner holds 'urgent' restructuring talks
Poundland’s owner Steinhoff has kicked off restructuring talks with its lenders to address the group’s “critical” debt position.
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NewsAgenda: M&S, Kingfisher and Halfords update the market
Retail Week looks ahead to the next seven days, with updates from M&S, Kingfisher, Halfords and Pets at Home on the agenda
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AnalysisAnalysis: Will Ocado’s US deal put it on the map?
The word “transformative” can sometimes be used loosely in today’s fast-moving retail landscape, but Ocado’s board could be forgiven for such language this week.
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NewsCarpetright launches share issue to fund CVA
Carpetright has issued shares in a bid to raise £60m to support its company voluntary arrangement (CVA) and restructure.
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NewsCMA opens investigation into Sainsbury’s-Asda merger
The Competition and Markets Authority has launched the first phase of its investigation into the mega-merger between the two members of the big four.
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VideoThe Retail Week: Can chaotic Mothercare survive?
The maternity specialist has unveiled plans for a CVA, but as it reappoints the chief executive it sacked 36 days ago there are questions about whether a bright future can be delivered.
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NewsMothercare swings to massive loss in full-year
Mothercare swung to a loss last year as sales shrank during a catastrophic period for the retailer.
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NewsMonsoon losses shrink but sales remain flat
Monsoon managed to significantly shrink its losses in its last full year but sales remained stubbornly flat.
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NewsAsda sales rise for fourth consecutive quarter
Asda has registered its fourth consecutive quarter of sales growth as the earlier fall of Easter boosted its performance.
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NewsShop Direct leaves City £55m out of pocket
Investors in Shop Direct have taken a hit after fears of a consumer credit crackdown triggered a sell-off in the company’s debt.
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DataData: Quarter of consumers shop at Sainsbury's and Asda
Around 25% of consumers shop at both Sainsbury’s and Asda where the two supermarkets are in close proximity, research has revealed.
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NewsBurberry profits rise in 'year of transition'
Burberry has posted an increase in full-year profitability as boss Marco Gobbetti hailed “promising early signs” in its transformation plan.
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NewsPoundworld founder Chris Edwards eyes rescue bid
Poundworld’s founder and former boss Chris Edwards is mulling a move to rescue the embattled business.
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OpinionOpinion: When it comes to retail, size isn't everything
Is big still beautiful? Many appear to think so. The financial community are obvious fans.